Lightning Labs, an institution dedicated to research and development related to the Lightning Network, Bitcoin’s second layer, has announced the rollout of Taproot Assets. This solution allows for issuing multiple tokens on top of it. The institution aims to capitalize on the popularity and volume of stablecoins to establish bitcoin as the global routing currency. […]
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Elizabeth Stark, CEO of Lightning Labs, stated that tokenized assets, such as stablecoins, are next to appear on top of the lightning network (LN), Bitcoin’s layer two scaling protocol. Stark highlighted the transformative possibilities of this upgrade, stressing that it would allow users to complete stablecoin payments leveraging affordable LN transaction fees. Lightning Labs CEO […]
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Olaoluwa Osuntokun, co-founder and CTO of Lightning Labs, recently executed the first successful mainnet multi-hop asset payment using Taproot Asset channels, marking a new development in asset transfer capabilities over the Lightning Network. Asset Transfer Achieved on Lightning Network Using Taproot Channels The transaction, conducted by Osuntokun, involved a multi-hop payment using a digital asset […]
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Antoine Riard, who left the Lightning Network in October, argues the Lightning Network is also at risk of becoming increasingly centralized and susceptible to single points of failure and censorship risks.
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Taproot Assets is “how we bitcoinize the dollar and the world’s financial assets,” says Ryan Gentry, director of business development at Lightning Labs.
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Lightning Labs have unveiled a new solution to the clunky process for minting new assets on the Bitcoin network.
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Lightning Labs believes its Lightning Service Authentication Tokens will do away with passwords and credit cards online
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Remember that layer two scaling solution they promised for Bitcoin back in the day? Does anyone know what happened to it? It feels like we’ve been waiting for a finished Lightning Network longer than Mt. Gox victims have been awaiting restitution. For now, Lightning is accessible to users with the skills to navigate its quirks […]
The post What’s the Deal With the Lightning Network? appeared first on Bitcoin News.
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At press time, bitcoin is trading for just over $8,000 – a solid dip from yesterday’s high of about $8,500, though it is a step above today’s previous low of $7,700. Bitcoin is struggling to stay afloat, but many outside factors are looking to prevent this. One involves ongoing regulation in South Korea. The country accounts for over one quarter of the world’s bitcoin and cryptocurrency trades, making it a very important candle-holder in the digital asset arena. However, as activities in South Korea grow and bitcoin continues to garner popularity, regulators are seeing a stronger need to interfere. The
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Over the past few weeks, there’s been a lot of hyped up discussion about the Lightning Network (LN) from those who believe it will help scale the bitcoin core (BTC) protocol. The Lightning Network topic has now moved from BTC testnet experimentation to trialing LN over the currency’s mainnet using real BTC. LN development and […]
The post Lightning and Mainnet: A Look at the Protocol’s Hype, Trials, and Error appeared first on Bitcoin News.
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